COVENANT ACADEMY INC (EIN 581795475) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

RICHARD BROWN

Phone

4784710285

Tax Period

2024-07-01 to 2025-06-30

COVENANT ACADEMY INC, founded in 1986, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

TO ASSIST CHRISTIAN PARENTS IN THE EDUCATION OF THEIR CHILDREN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $116,902

Program Service Revenue $2,856,632

Investment Income $272

Other Revenue $46,065

TOTAL REVENUE $3,019,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,907,070

Fundraising Expenses $0

Program Expenses $2,530,560

Other Expenses $1,122,542

TOTAL EXPENSES $3,029,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,019,871	$2,974,192	+0.0%
Expenses	$3,029,612	$3,076,601	0.0%
Net Income	$-9,741	$-102,409	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$32,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARNI FARR	BD. DIR & KI	40.00	Director	$32,998	$0	$32,998
RICHARD BROWN	CHAIRMAN	6.00	Officer Director	$0	$0	$0
JULIE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GOTT	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE WOOD	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,019,871	$3,029,612	$4,281,071	$-9,741
2024	No data	No data	No data	No data
2023	$2,880,233	$2,977,991	$4,799,222	$-97,758
2022	$3,061,604	$3,056,080	$5,179,469	$5,524
2021	$3,258,477	$3,135,830	$5,209,141	$122,647
2020	$3,215,614	$3,006,607	$5,146,090	$209,007
2019	$2,953,319	$3,107,002	$4,720,679	$-153,683
2018	$2,783,130	$2,794,271	$4,745,985	$-11,141

COVENANT ACADEMY INC